Peeeculiar t1_itgro8z wrote on October 23, 2022 at 3:14 PM

If it was me I'd absolutely stand pat. Timing the market is a risky game that has burned many very smart people. You have a good thing going in having a place in which you can have a breed most landlords consider dangerous. You're also already building equity in your current place.

johnyoung603 OP t1_itgsg3y wrote on October 23, 2022 at 3:20 PM

I understand that, I'm not going too deep into my situation but I'm facing other financial hardships. My wife died 5 months ago and I can't afford what I have as it was a two income purchase. It's a mix of money and emotional need to leave.

Peeeculiar t1_itgtkiu wrote on October 23, 2022 at 3:28 PM

Totally understood. So sorry for your loss.

Hope you're able to find a spot that works out for you. Best of luck.

kmkmrod t1_itgy97h wrote on October 23, 2022 at 4:01 PM

The op reads like the situation my friend found himself in.

He bought 6 years ago for $275k and did maybe $20k in improvements. A few months ago he found out (kind of by accident) that it was worth $535k so he jumped on the chance to sell. Now he’s renting and will wait until the crash to buy again and he’ll have way more money when he does it.

TechPriestPratt t1_itibain wrote on October 23, 2022 at 9:14 PM

Very risky proposition trying to play the market as u/Peeeculiar said. Real estate crashes are not universal. Around major cities they tend to be dampened. Southern NH/Boston area may not really crash, even if a lot of other places in the country do. Even in 2008 there was not that much of a crash in local prices. With more people wanting to move to NH, more work from home, and inflation going nuts, I really can't see home prices going down all that much. I'd have to say your friend may very well be regretting his decision in a few years.

kmkmrod t1_itictbe wrote on October 23, 2022 at 9:25 PM

I highly doubt that. But we’ll see.